fbpx

Best Money Management Apps

Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more.

Keeping your finances organized no longer means spending hours balancing your checkbook and cataloging receipts. Using a money and investment management app can make it easier to track your spending, see where your money is going and manage your investments. While there are hundreds of financial apps available, the best option for you will depend on your individual needs. 

Best Budget Apps

A budgeting app can help you manage your money more effectively by analyzing your spending and helping you cut down on unnecessary purchases. Link your bank account and credit cards to your budgeting app, which then tracks and logs your transactions. The best budgeting apps allow you to make progress toward reducing your debt and saving more money by offering the following features:

  • Categorize your spending. When you make a purchase using a credit or debit card linked to your budgeting app, the app will automatically log it and categorize it. Categorization makes it easier to see how your spending varies between categories.
  • Track your income and expenses. The right budgeting app doesn’t only track your expenses — it can also show you how your income compares to the amount you spend each month. Income tracking can be especially useful if you’re self-employed and the amount you own varies from month to month.
  • Set savings goals. If you’re saving up for a large purchase (like a down payment on a home or a vacation), your budgeting app can help you track how much you’re putting away each month. First, enter the total amount of money you’re hoping to save in your budgeting app. Then, as you deposit money into your account, the app will track your progress.

Some accounts may also allow you to pay bills directly through the app.

The right budgeting app for you will vary depending on the types of account you want to link, whether you prefer to manually enter your spending categories and other investment features you need. Consider a few of our top choices below if you don’t know where to begin. 

Pricing
Free for 14 days, then $8/month
Account Minimum
$0
Get started securely through Empower | Budget App’s website
Pricing
$1/mo
Account Minimum
$5
Get started securely through Acorns’s website
Pricing
$1/mo
Account Minimum
$5
1 Minute Review

Acorns can help you roll your pennies into crisp hundreds with automatic savings, rounding up on purchases and inexpensive set-it-and-forget-it portfolio management. Integrate your checking, savings, investment and retirement accounts into 1 financial hub on your smartphone.

Best For
  • Newer investors looking to leave the heavy pulling to a robo-advisor
  • Regular debit card users who want to save change automatically
  • Families building wealth
  • Prepping for future investing
Pros
  • Inexpensive subscription cost at each tier
  • Smart, intuitive automatic investing strategies that utilize your spare change without leaving you cash broke
  • Retirement accounts like IRAs and 401(k)s available for investment and management, which isn’t always the case with robo-advisors
  • Heavy metal debit card (maybe not the most important factor but still pretty cool)
Cons
  • No direct relationship with a financial advisor or certified financial planner
  • No socially-responsible investing portfolio model
Pricing
FREE
Account Minimum
$0
Get started securely through Personal Capital’s website
Pricing
$1, $3, or $9 a month 1
Account Minimum
  • $0 for Personal Portfolio, Investment Account (Taxable Brokerage Account) and Bank Account
  • $1 for IRA and Custodial Accounts
Get started securely through Stash’s website
Pricing
$1, $3, or $9 a month 1
Account Minimum
  • $0 for Personal Portfolio, Investment Account (Taxable Brokerage Account) and Bank Account
  • $1 for IRA and Custodial Accounts
1 Minute Review

Stash operates under the mantra “investing should be simple and accessible.” Stash, which promises an easy start procedure, requires only two minutes and a phone.

Best For
  • Hands-off investors, who require advice and assistance
  • Beginners
  • Investors who want to invest in specific industry groups/sectors
Pros
  • Simplified investment procedure
  • Choice of easy-to-understand investments (ETFs)
  • Easy-to-read snapshots of all accounts
  • No minimum balance requirement to open a personal invest (taxable brokerage) account
Cons
  • It works out costly for smaller accounts

Best Banking Apps

Though most people already use online banking services, many banks also offer their own proprietary apps as well. Banking apps are safe and convenient — they might even add enhanced security with fingerprint and facial ID services.

When you select a banking app, look for the following features:

  • An intuitive platform: Your mobile banking app shouldn’t be difficult to operate. Look for an app with an easy-to-understand design, tools that are quick to locate and automatic log in features.
  • Check deposits: One of the most significant advantages of using a banking app over an online banking platform is in-app check deposits. Simply snap a photo of the front and back of your check, upload it to your banking app and deposit it directly into your account — no special trip to the bank is needed.
  • High-tech security features: Keeping your password and account access confidential is crucial. From two-factor authentication to thumbprint scan locks, be sure that your banking app allows you to ensure that no unauthorized party can access your account.

Here are a few of our favorite mobile banking apps. 

Current APY
0.52%
Minimum balance
$0
Get started securely through Credit Karma’s website
Current APY
1.00%
Minimum balance
$0
Get started securely through Chime’s website
Current APY
1.00%
Minimum balance
$0
1 Minute Review

It’s rare to come across a banking service against profiting off its customers, but then there’s Chime. Chime is a mobile banking tech company that offers totally free banking, including no-fee overdraft protection and 0% interest with its credit card.

Rather than making a dime off its members, Chime partners with Visa and receives a portion of the merchant fee incurred whenever you use your Chime card.

Chime is a great banking app for anybody, but it’s even more perfect if you’re trying to grow your savings, improve your credit or want the convenience of keeping your bank in your back pocket. Oh, and did we mention it’s free?

Best For
  • NO ridiculous fees
  • 100% digital banking
  • Member-focused products and services
Pros
  • Easy transfers between accounts
  • Free, no-fee banking
  • Award-winning mobile banking
Cons
  • Limited product offerings
  • No brick-and-mortar locations for those who prefer in-person banking

Best Crypto Apps

If you’re interested in trading cryptocurrencies or tracking your crypto holdings on the go, a crypto app might be right for you. There are multiple types of cryptocurrency apps, ranging from exchange apps that allow you to execute trades to digital wallets that will enable you to track your holdings and keep them safe. A few characteristics you might want to look for in a cryptocurrency app include:

  • Coin availability: If you want to buy and sell cryptocurrencies, check online to see that the app you’re downloading supports the coins you wish to trade. There are thousands of cryptocurrencies in existence and not every app supports every coin.
  • Security features: High-level security features are especially important when it comes to buying, selling and storing cryptocurrencies. Due to the decentralized and anonymous nature of the market, it can be almost impossible to recover your tokens if your account gets hacked. Search for apps that offer two-factor authentication and back-end encryption to protect yourself and your finances.
  • Real-time data: The cryptocurrency market is highly volatile — it’s normal to see a coin gain 100% in value or lose half its value in just a few hours. Real-time data is a must-have for any cryptocurrency app.

Browse a few of our favorite crypto trading apps below. 

Commissions
0.50% per sale
Account Minimum
$0
Get started securely through Coinbase’s website
Commissions
0.50% per sale
Account Minimum
$0
1 Minute Review

Coinbase is one of the Internet’s largest cryptocurrency trading platforms. From Bitcoin to Litecoin or Basic Attention Token to Chainlink, Coinbase makes it exceptionally simple to buy and sell major cryptocurrency pairs. 

You can even earn cryptocurrency rewards through Coinbase’s unique Coinbase Earn feature. More advanced traders will love the Coinbase Pro platform, which offers more order types and enhanced functionality.

Though Coinbase doesn’t offer the most affordable pricing or the lowest fees, its simple platform is easy enough for complete beginners to master in as little as a single trade.

Best For
  • New cryptocurrency traders
  • Cryptocurrency traders interested in major pairs
  • Cryptocurrency traders interested in a simple platform
Pros
  • Simple platform is easy to operate
  • Comprehensive mobile app mirrors desktop functionality
  • Coinbase Earn feature rewards you with crypto for learning about available coins
Cons
  • Higher fees than competitors
Commissions
FREE
Account Minimum
$10.00 USD
Get started securely through Voyager’s website
Commissions
Depends on security and leverage
Account Minimum
$50 for US and Australia; $200 everywhere else
Get started securely through eToro’s website
Commissions
Depends on security and leverage
Account Minimum
$50 for US and Australia; $200 everywhere else
1 Minute Review

eToro, headquartered in Cyprus, England and Israel, has provided forex products and other CFD derivatives to retail clients since 2007. A major eToro plus is its social trading operations, including OpenBook, which allows new clients to copy trade the platform’s best performers. Its social trading features are top notch, but eToro loses points for its lack of tradable currency pairs and underwhelming research and customer service features

Best For
  • U.S.-based cryptocurrency traders
  • Social and copy traders
  • Simple user interface
  • Community engagement and following other traders
Pros
  • Expansive network of social trading features
  • Large client base for new traders to imitate
Cons
  • U.S. traders can only buy cryptocurrency
  • Only 15 cryptocurrency pairs available

Best Day Trading Apps

Day trading is a type of stock trading that relies on short-term trades, usually executed over the course of a few hours. A day trading app can give you more freedom to trade without being tied to your desktop computer. Some characteristics you’ll want to search for when you choose a day trading app include:

  • A simple platform: Even if you’re a very experienced trader, you’ll still want to search for a day trading platform that’s simple and straightforward. Endlessly flipping through order options and charting screens can hinder the fast-paced nature of the day trading market.
  • Real-time data and prices: Like trading cryptocurrencies, day trading often relies on short-term price movements. Having the most recent and up-to-date price information is essential in any day trading app.
  • Low fees and commissions: Some brokerages charge a fee when you place a buy or sell order. Though many brokerages have switched to a $0 commission structure, even a small per-trade service fee can quickly cut into any profits you earn. Before you open a brokerage account, make sure you have a complete understanding of the broker’s fees.

Browse a few of our favorite apps for day trading in the chart below. 

Commissions
$0 per trade
Account Minimum
$0 to open an account
Get started securely through Robinhood’s website
Commissions
$0 per trade
Account Minimum
$0 to open an account
1 Minute Review

Robinhood is the broker for traders who want a simple, easy-to-understand layout without all the bells and whistles other brokers offer. Though its trading options and account types are limited, even an absolute beginner can quickly master Robinhood’s intuitive and streamlined platform. On the other hand, more advanced traders might be frustrated by Robinhood’s lack of technical analysis tools, a feature that’s now nearly universal across other platforms.

Best For
  • Beginner traders
  • Mobile traders
Pros
  • Streamlined, easy-to-understand interface
  • Mobile app with full capabilities
  • Can buy and sell cryptocurrency
Cons
  • Almost no trading analysis tools available
  • Only taxable brokerage accounts available
  • No option to open a retirement account
  • No access to mutual funds, forex or futures trading
  • Limited customer service
Commissions
$0
Account Minimum
$0
Get started securely through TradeStation’s website
Commissions
$0
Account Minimum
$0
1 Minute Review

TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. TradeStation’s app is also equally effective, offering full platform capabilities.

Best For
  • Advanced traders
  • Options and futures traders
  • Active stock traders
Pros
  • Comprehensive trading platform and professional-grade tools
  • Wide range of tradable securities
  • Fully-operational mobile app
Cons
  • Confusing pricing structure to leave new traders with a weak understanding of what they pay
  • Cluttered layout to make navigating TradeStation’s platform more difficult than it should be
Commissions
$0 $6.95 for OTC Stocks
Account Minimum
$0
Get started securely through TD Ameritrade’s website
Commissions
$0 $6.95 for OTC Stocks
Account Minimum
$0
1 Minute Review

This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.

Best For
  • Novice investors
  • Retirement savers
  • Day traders
Pros
  • World-class trading platforms
  • Detailed research reports and Education Center
  • Assets ranging from stocks and ETFs to derivatives like futures and options
Cons
  • Thinkorswim can be overwhelming to inexperienced traders
  • Derivatives trading more costly than some competitors
  • Expensive margin rates

Best Investment Apps

If you’ve never invested before, you might find the process of opening a taxable brokerage account or IRA to be intimidating or confusing. Opening your first account through an investment app can offer a simpler and more straightforward way to begin investing and track your investments over time. Some qualities you may want to look for in your investing app include:

  • Automatic deposits: Some investing apps aimed at beginners (like Acorns) make it easier to invest by automatically withdrawing small deposits from your banking account and placing it into an investment account. If you have trouble saving money, you might want to consider an investing app with this feature.
  • Reasonable fees: Your investment app provider may charge an annual or per-purchase fee for using its service. Be sure you understand the fees you’ll be subject to before you decide where you’d like to open an account.
  • Full purchase capabilities: Some brokerages only allow you to check your balances through their apps. Look for an investing app that enables you to place buy and sell orders directly on the app’s platform for convenient investing at your fingertips.

Not sure where to begin? Consider a few of our favorite investing apps below. 

Pricing
$1, $3, or $9 a month 1
Account Minimum
  • $0 for Personal Portfolio, Investment Account (Taxable Brokerage Account) and Bank Account
  • $1 for IRA and Custodial Accounts
Get started securely through Stash’s website
Pricing
$1, $3, or $9 a month 1
Account Minimum
  • $0 for Personal Portfolio, Investment Account (Taxable Brokerage Account) and Bank Account
  • $1 for IRA and Custodial Accounts
1 Minute Review

Stash operates under the mantra “investing should be simple and accessible.” Stash, which promises an easy start procedure, requires only two minutes and a phone.

Best For
  • Hands-off investors, who require advice and assistance
  • Beginners
  • Investors who want to invest in specific industry groups/sectors
Pros
  • Simplified investment procedure
  • Choice of easy-to-understand investments (ETFs)
  • Easy-to-read snapshots of all accounts
  • No minimum balance requirement to open a personal invest (taxable brokerage) account
Cons
  • It works out costly for smaller accounts
Pricing
0.25% annual fee
Account Minimum
$0
Get started securely through Betterment’s website
Pricing
0.25% annual fee
Account Minimum
$0
1 Minute Review

Offering personalized investment strategies, Betterment tailors customer portfolios based on a host of factors such as goal type, risk tolerance, account type, time horizon etc. The firm focuses on tax-efficient investing at all stages, which is its unique selling proposition.

Best For
  • Intermediate investors
  • Retired investors
  • College students
Pros
  • Built in tax-saving strategies
  • Automated rebalancing
  • Personalized service
Cons
  • Lack of customization
  • Other Robos can be free
Pricing
$1/mo
Account Minimum
$5
Get started securely through Acorns’s website
Pricing
$1/mo
Account Minimum
$5
1 Minute Review

Acorns can help you roll your pennies into crisp hundreds with automatic savings, rounding up on purchases and inexpensive set-it-and-forget-it portfolio management. Integrate your checking, savings, investment and retirement accounts into 1 financial hub on your smartphone.

Best For
  • Newer investors looking to leave the heavy pulling to a robo-advisor
  • Regular debit card users who want to save change automatically
  • Families building wealth
  • Prepping for future investing
Pros
  • Inexpensive subscription cost at each tier
  • Smart, intuitive automatic investing strategies that utilize your spare change without leaving you cash broke
  • Retirement accounts like IRAs and 401(k)s available for investment and management, which isn’t always the case with robo-advisors
  • Heavy metal debit card (maybe not the most important factor but still pretty cool)
Cons
  • No direct relationship with a financial advisor or certified financial planner
  • No socially-responsible investing portfolio model

Best Forex Apps

The foreign currency market (usually abbreviated to “forex market”) allows you to take advantage of fluctuations in currency values and potentially make a profit. Forex traders who use a short-term trading strategy might benefit from the convenience offered by forex trading apps. Here are a few things you should look for when you compare forex app options:

  • Education resources: The best forex trading apps don’t only offer you access to the currency markets — they also provide you with research and education tools you can use to enhance your trading. If you’re new to forex, look for an app with a robust research section and a comprehensive set of trading tools.
  • The currencies you want to trade: Not every forex app offers access to every currency that exists. Know which currencies you’d like to trade before you select an app.
  • An account minimum you can afford: Though not every forex broker has an account minimum, many do. Be sure you know how much money you’ll need to open an account before you create an account.

Browse our top choices for forex brokerage apps below. 

Account Minimum
100 of your selected base currency
Pairs Offered
80+
Get started securely through FOREX.com’s website
Account Minimum
100 of your selected base currency
Pairs Offered
80+
1 Minute Review

FOREX.com is a one-stop-shop for forex traders. With a massive range of tradable currencies, low account minimums and an impressive trading platform, FOREX.com is an excellent choice for brokers searching for a home base for their currency trading. New traders and seasoned veterans alike will love FOREX.com’s extensive education and research center that provides free, informative forex trading courses at multiple skill levels. While FOREX.com is impressive, remember that it isn’t a standard broker. You can’t invest in the stock or bond market through your FOREX.com and you cannot open an account with tax advantages. The confusing pricing and margin structures may also be overwhelming for new forex traders.

Best For
  • MetaTrader 4 users
  • Beginner forex traders
  • Active forex traders
Pros
  • Impressive, easy-to-navigate platform
  • Wide range of education and research tools
  • Access to over 80 currencies to buy and sell
  • Leverage available up to 50:1
Cons
  • Cannot buy and sell other securities (like stocks and bonds)
  • Confusing margin requirements that vary by currency
  • Limited customer support options
  • Cannot open an IRA or other retirement account
Account Minimum
$50 USD
Pairs Offered
47
Get started securely through eToro’s website
Account Minimum
$50 USD
Pairs Offered
47
1 Minute Review

Though Australian and British traders might know eToro for its easy stock and mobile trading, the broker is now expanding into the United States with cryptocurrency trading. U.S. traders can begin buying and selling both major cryptocurrencies (like Bitcoin and Ethereum) as well as smaller names (like Tron Coin and Stellar Lumens).

eToro offers traders the opportunity to invest their assets into premade portfolios or cryptocurrencies, similar to services offered by robo-advisors through traditional brokers. Though eToro isn’t a one-stop-shop for everything an investor needs, its easy-to-use platform and low spreads is a great way to enter the cryptocurrency market.

Best For
  • International Forex/CFD Traders
  • New cryptocurrency traders looking for an easy-to-use platform
  • Traders who want to buy and sell cryptocurrencies on-the-go
Pros
  • Simple platform that is easy to master
  • CopyTrader feature that allows new traders to copy the same strategies used by professionals
  • Virtual dummy account that gives you $100,000 to practice trades
Cons
  • U.S. traders currently limited to cryptocurrencies
  • Only 15 major coins available to trade
Commissions
$10 value per pip
Account Minimum
$0
Get started securely through IG Group’s website
Commissions
$10 value per pip
Account Minimum
$0
1 Minute Review

IG is a comprehensive forex broker that offers full access to the currency market and support for over 80 currency pairs. The broker only offers forex trading to its U.S.-based customers, the brokerage does it spectacularly well. Novice traders will love IG’s intuitive mobile and desktop platforms, while advanced traders will revel in the platform’s selection of indicators and charting tools. Though IG could work on its customer service and fees, the broker is an asset to new forex traders and those who prefer a more streamlined interface.  

Best For
  • New forex traders who are still learning the ropes
  • Traders who prefer a simple, clean interface
  • Forex traders who trade primarily on a tablet
Pros
  • Easy-to-navigate platform is easy for beginners to master
  • Mobile and tablet platforms offer full functionality of the desktop version
  • Margin rates are easy to understand and affordable
  • Access to over 80 currency pairs
Cons
  • U.S. traders can currently only trade forex
  • Customer service options are lacking
  • No 2-factor authentication on mobile

Enhance Your Finances with Better Money Management

No matter which money management app you choose, you should remember that these applications are only as useful as you make them. Explore the tools in your app of choice and regularly update your budget or investment goals to make the most of your new financial tool. 

Disclosures

1 Stash offers three plans, starting at just $1/month. For more information on each plan, visit our pricing page.  You’ll also bear the standard fees and expenses reflected in the pricing of the ETFs in your account, plus fees for various ancillary services charged by Stash and the custodian.

Benzinga is a paid Affiliate/partner of Stash. Investment advisory services offered by Stash Investments LLC, an SEC-registered investment adviser.

Benzinga's #1 Breakout Stock Every Month

Looking for stocks that are about to breakout for gains of 10%, 15%, even 20% potentially or more? The only problem is finding these stocks takes hours per day. Fortunately, Benzinga's Breakout Opportunity Newsletter that could potentially break out each and every month. You can today with this special offer:

Click here to get our #1 breakout stock every month.

Hire a Pro: Compare Financial Advisors In Your Area